Deposit book



Patented Aug. 3, lgti.

Unir/r; stares EMILE JOHN WALT, OFINW' otineii's, ousAnA.

nnrosrr nook.

Applicationy ined Jury 11, 19a-"3. serial no. @50,9131

Christmas savings clubs, vacation clubs, and many other similar ypartial payment clubs are very numerous at the `present time, and in many other iinancial transactions partial payments are made over quite laperiod of time. In all such cases there is needed some system ot keeping accountsv Which will insure that the depositor and the bank may always be aware of the exact amount paid to date, the time of the next payment as `Wellv as its amount,- and frequently other items o'fsimilar data. Such a system should permit one or more `payments to be made atany time With as little trouble as possible to the depositor and the bank, and with the minimum possibility oferror.

Many systems have been devised andare in present use. vSome of these dependupon duplicate cards that are punched simultaneously, While others furnished the depositor with coupon kbooks containing` one cou-pon and a corresponding1 stub for each payment. In general these are open to objection for one reason or another. The coupon system requires the book keeper to handle a coupon for each payment, even it live or ten payments are made simultaneously, thus causing much labor.

An objectof. my invention is to provide such a system and mean-s for carrying it out which Will obviate many of the `objections inherentin previous systems,.and en,- able partial payment accounts of all classes to be handled expeditiously, and with practically no-ldanger of error. i

Linother object is to provide such a means whereby any number of payments can be made simultaneously by the use of only one slip, thus enabling the boolrlzeeper toentejr the same on the ledger and. card record with only one entry.

Another object is to provide such a means whereby the correctness of the yentry 4of each payment is automatically checked when being' entered.

rOther objects Will bel app-arent from the following detailed description and the appended claims. ln the drawings: .Figure l is a view of the depositors book open, with one leaf detached and about to be removed.v i

Figure 2 is a `vievv of the ledger sheet used in connection therewith.

Figure 3 is 5a View of the card record that may be kept if desired.

The depo-sitbool consists of a cover sheet having' three member-s, a central part l and side members 2 andy `3 'adapted to feld over the central partwhen the book is closed. @n the outsideof these three parts will be printed any desired data, such' as thenaine et thebanlt, rules, character of thefacco'nt, depositors name, and any similar matter. This can be varied as desired and forms no part of the invention. Folds 2 fand- B are intended to have a consecutive list of the number of the payments, the Weekly amount, total paid in to date,` and a blank space in which Will be stfnnpedv the date of eac-h payment as made. If it is desired, allA ofthis data may be printed on sheet Q-leaving sheet 3 foifother information, but'it Wiiiordinarily be found preferable to spread the data over both sheets morder to avoid toosniail print.

The tivo.vl sheets 2f and 3 Willv also contain the class number or letter and any other identifyingdata that may' benecf `essaryor desirable in the particular use'that is being inadeo'f the booke-nd system.v The three sheets l, 2 and 3 constitute a covera'iid are preferably made'integral olf- 'paperof any ormed of by the particular deposit and also *he .amount paid at that time.

i The ledger sheet B is adapted to be used with, the' particular deposit liook` just de scribe and hasl the usual identifying data pertaining to theparticular accenni; as Well as name yand address of thedepesitor. It contains the .same data asf thatlon sheets 2 and 3 and also a eolninnior einen;ity paid in which is entered 4the sunisappearing at the bottom er the slips' 4. Y n

Instead oit' thel-edger sheet B, er in afddition thereto if desired, ythere may be einployed a card G which centaine the swine Iefr substantially .the same data asthe ledger sheet .Bi 1

.in snowing the of payments severed v The manner of using thedeposit book and ledger sheet will now be described. 1f the depositor desires to make the first five payments at once on J anuary7 the teller will stamp date (and identifying initial if desired) on line 5 of sheet 2 of the deposit book. on the top slip- 4 and the next to the top slipv 4 on line 5 of each. The teller then ytears otf the top slip 4a, and writes the number of weeks paid for (or number of payments) and amount paid in the spaces provided for at the bottom of this slip. In the Apresent instance the number, of weeks paid is 5 and the amount paid is $1.50. This slip isretained by thebank and used to post to ledger sheet or cardl and is kept as a depositvslivp for the office record. The top slip now remaining in the deposit book .and the sheet 2, of the bookboth show the same date on line 5, which line 5 also shows the total amount paid to date, 'or $150.

If on Februaryl 7, the depositor desires vto make another payment of live-weeks, the

teller notices that'the last payment was on line 5 and knows thatve weeks more will bring the payments to line 10. He Vtherefore .stamps date and initial online 10 of the deposit book, and on the top and next to the top slip now remaining. The top slip which is now removed for the bank records shows two dates stamped while the slip left inthe deposit book shows only the last date Feb. ,7. The deposit book itself will yshow on line 5 they date Jan. 7, and on line '1 0, the vdate Feb.` V7. When this payment is made the amount to be received from the member is the dierence between the amounts opposite the two dates in the column headed .Total paid in. In this instance it will therefore be the difference between $5.50 and $1.50, or $4, which amount 4, A lthel `tellerenters on the bottom of the slip retained by the banka's explained above.

Subsequent payments will be handled in exactly thesame manner, and it is to be emphasized that no matter how many ayments 'are made at one time, only one ks ip needs tbe detached and only one date is stamped on the various slips.

At the end of the' day, or at any desired time, the amounts paid in can be listed on the adding machine Lsimply by taking the amounts at the bottom of each slip, so that if a payment covers live Weeks, only one slip is used and only one amount need be written j on the adding machine instead of livein the j usual plan. Where a large number of deposits are handled, the saving of time is remarkable. If payments are made weekly, .the amount at t-he bottom of the slips need .not be filled in, as the slip itself shows the amount collectedby the week.

l The slip is used tol post to ledger sheet or card and the book keeper will post from He will also stamp the same date and automatically checks the posting. For

example, when the book keeper starts to enter the Feb. 7 payment, he notices that line y5 ofthe ledger sheet or card shows that $1.50 was paid on J an. 7. This also corresponds with the date of the previous payment on slip 4. He then posts from the bottom of the slip which shows $4, as the amount, and this is written on line 10. If the payments have been correct, and are properly entered, the sum of `the payments will be equal to the amount printed in the column Total paid in on line 10, or $5.50 in the present instance. If this is not the case, `one or the other amounts is wrong or the last amount has been entered on the wrong line. Every entry can thus be instantly checked and the system lends itself to absolute accuracy with great simplicity.

Also, each slip automatically checks the previous one, since each slip (after the initial payment) has two dates stamped there- V on, and since each date is initialed by the employee receiving the payment, it is practically an impossible matter for an error to be made and passed, either intentionally or otherwise.

The ledger card may be used as an alternative to the sheet and is used in exactly the same manner. It has not been thought necessaryto explain this in detail.

It will be obvious that this deposit book I andr system permit the operation of partial payment systems with ease and accuracy and with a minimum of book keeping labor. Certain detail changes may be madel in the arrangement of the data on the various `sheets and slips, and other modifications will paid', and having appropriately-designated spaces for the date of payments as made, and the filler consisting of a plurality of identical detachable slips provided with the same data as the cover` and with appropriately-designated spaces for the amount paid and the number of payments it covers, whereby a single slip may cover any number of payy ments. Y

2. A deposit book for partial payments Comprising a cover and a iiller, the cover having,- printed thereon data indicating the number of payments, the amount of each payment, the total amount paid7 and having appropriately-designated spaces for the date of payments as made, and the filler consisto. A deposit bool: for partial payments Comprising a portion always retained by the depositor and having printed thereon data indicating the number of payments, the amount of each payment, the total amount paid, and having appropriately-designated spaces for the date of payments as made, and a portion consisting oi a plurality of identical detachable slips containing the '20 same data and having appropriately-designated spaces for the amount paid and the number of payments it covers.

In testimony whereof, I have hereunto subscribed my name.

EMILE JOHN WALT. 

